June 22, 2021

Investing is a great method to increase your wealth but there are priorities bef…


Investing is a great method to increase your wealth but there are priorities before you consider investing. ?⠀

Having an emergency fund prior to investing is important otherwise if you have a financial emergency you will resort to 2 things: going into debt or pulling money out of your investments. If the market is down, this will force you to take a loss. ❌⠀

Paying off consumer debt is also important because all the gains you could be making are getting killed by your debt’s interest rates. ❌⠀

And lastly, if you can NOT afford to lose his money, don’t invest it. ❌⠀

The market could be a roller coaster and you must be willing to ride out the waves. ✅⠀

—— Follow: @spacecitymoney for more ——⠀

Share with a friend! ?‍??‍?⠀

⚠️ I am not a financial advisor, the information provided is for educational and/or entertainment purposes only. ⚠️⠀

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